Financial Accounting Greenfield Tech Inc. has a net income of $1,250,000; its weighted-averagecommon shares outstanding are 200,000. Its dividend per share is $2.00, itsmarket price per share is $120, and its book value per share is $115. What isGreenfield Tech Inc.'s price-earnings ratio?

Step 1: Definition of Price-Earnings (P/E) RatioThe Price-Earnings (P/E) ratio is a financial metric…

Answered: Greenfield Tech Inc. has a net income…

Cornerstones of Financial Accounting

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ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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Greenfield Tech Inc. has a net income of $1,250,000; its weighted-average common shares outstanding are 200,000. Its dividend per share is $2.00, its market price per share is $120, and its book value per share is $115. What is Greenfield Tech Inc.'s price-earnings ratio?